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The end of just-in-time?

EFT

The story goes that when Eiji Toyoda, CEO of Toyota, visited American car manufacturers in the 1950s, he was not impressed. This was the start of the famous process of Just-In-Time (JIT) manufacturing, or lean manufacturing as it later became known. Toyoda cut down on excess inventory, with components and spares only ordered when needed and kept in low numbers within the factories. COVID-19 was that spanner in the works.

Visibility, Analytics & Intelligence: Get full transparency on your supply chain, not just in times of crisis!

SupplyOn

SupplyOn Analytics links internal and external information – thus ensuring visibility and a robust, crisis-proof supply chain Planning, purchasing, logistics and transport management are traditionally separate processes, typically located in different departments. The suppliers operate in their own systems, as does the transport service provider. What, when, in what quantity and at what time is to be delivered usually remains unclear until goods receipt.

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Will Trucking Challenges Transform JITS in North America?

QAD

As the trucking industry experiences rising industry change, just-in-time-sequence (JITS) supply chains are starting to feel the effects. In this article, we will take a closer look at these industry challenges and discuss the current and potential impacts on JITS. What is JITS (Just-In-Time-Sequence)? The end result means: Reduced materials handling, which is one of the biggest factors in optimal plant layout and design.

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Inventory ties up money. Increased efficiency and better use of time.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field.

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Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

Yet with COVID-19 and product shortages still a reality, some manufacturers are wondering what they can do to improve their supply chain resiliency to prepare for present and future disruption. “Survey Committee members reported that their companies and suppliers operated in reconfigured factories, with limited labor application due to safety restrictions.”. Don’t just rely on what your MRP screen is telling you about supply timing.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to buy goods, and virtually every Supply Chain. Apart from the panic buying are there Supply Chain lessons that we should learn from the Coronavirus pandemic to improve the robustness of Supply Chains in the future?

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Supply chain, it seems, is ripe for disruption.

Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. Shippers need to consider how the freight data trends will affect dropshipping, omnichannel shipping, reporting capabilities, and much more. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

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Ways to think about the Supply Chain of the Future: Artificial Intelligence

Techgistics

Since about 2012 there’s been a massive influx of VC funding that has been poured into startups to revolutionise logistics and supply chains. And, it’s not just startups that are getting in the mix, it’s established global players like Amazon, Walmart, IBM, Alibaba, DHL, UPS, Merck, WiseTech Global, XPO Logistics and many more that are driving new technologies forward. Smartphones put a computer in everyone’s pocket or purse. Supply Chains got Very Good.

Why the Right Strategy to Managed Inventory Hinges on Clear, Concise Communications

Turvo

A managed inventory depends heavily on teams and leaders that can communicate with each other to avoid operational issues, overstocking, or worse, running out of inventory when the customer is ready to buy. Problems like these can then lead to a loss in profits for the business.

Inventory Management Techniques That You Need to Know About

EMERGE App

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. Rather, it’s a carefully curated list of inventory management techniques that work for our wholesale and distribution customers around the world. So you won’t find a customary listing of the Last-In, First-Out method. You can actually use in your business.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Applying the total cost of ownership analysis to the supply chain implies identifying all direct, indirect, and other associated costs. Supply chain costs analysis. Inventory costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Applying the total cost of ownership analysis to the supply chain implies identifying all direct, indirect, and other associated costs. Supply chain costs analysis. Inventory costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Applying the total cost of ownership analysis to the supply chain implies identifying all direct, indirect, and other associated costs. Supply chain costs analysis. Inventory costs.

A Holistic Approach to Freight Savings with Mike Eberl

The Logistics of Logistics

I am the Founder and CEO of Customodal, based in Marshfield, WI, [01:59] Tell us about your background. What was your major in college? I grew up mostly in Madison, Wisconsin. I enrolled in the forestry program at the University of Wisconsin, but two years in I had an epiphany that I wanted to pursue business. I graduated with a major in finance, investment, and banking from the University of Wisconsin. [02:44] 02:44] What was your first job in logistics?

Digitalisation of Supply Chains: Supply Chain Resilience, Responsiveness and Renewal – LogiSYM August 2020

The Logistics & Supply Chain Management Society

blu has invested in a variety of new technologies to fulfil orders more efficiently and accurately. The importance of supply chain resilience and responsiveness. Traditionally, businesses prioritise efficiency over resiliency when building well-oiled supply chains.

50 expert tips on supply chain management

6 River Systems

The COVID-19 pandemic caused unprecedented global supply chain disruptions, impacting the flow of parts and finished goods around the world. At the same time, supply chain disruptions resulted in shortages of vital parts and components, and retailers such as grocery stores faced challenges keeping items like toilet paper, hand soap and sanitizer and disinfecting wipes on their shelves. Maintain a culture of compliance, even in times of crisis.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

We will define some of the most prevalent in transportation for those of you who have ever found yourself confused by the terminology. Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. Advanced Planning and Scheduling (APS) — Critical supply chain planning that also accounts for production schedules.

Kearney reports post-COVID supply chains are battered but not broken

EFT

Before the COVID-19 pandemic struck, supply chains were lauded for their ultra-efficient, single-source and just-in-time capabilities. The new supply chain economy. In 2019, the national economy completed a strong year with 2.3% trillion in GDP.

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How Europe is Coping with Supply Chain Disruption

Jaggaer

Can the complex global supply network survive the COVID-19 pandemic? Just-in-time delivery of finished goods and components has been put under tremendous strain. In the retail sector, supermarkets in many countries have seen their highest weekly sales ever, as consumers stock up on goods that they fear may be in short supply. This in turn could put logistics under pressure at companies like Amazon.

Don’t Wait for Dwell Time to Delay Your Freight

TMC

Even containers don’t like to wait in line. Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years.

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Air Freight Trends to Watch in 2019

CH Robinson Transportfolio

What is your air freight strategy for the year ahead? The surge in demand for air freight that took off in mid-2016 normalized in early 2018. It is likely that 2018 will end with a growth rate in the 4% range, down from 10% in 2017 (measured in freight tonne kilometers per IATA ). While demand is likely to continue to increase, we expect the pace of the increase to be slower in 2019. Explore air freight consolidation.

Business Continuity Affects All Your Supply Chain

Logistics Bureau

In supply chain, the complexity can be far greater. Business continuity management seeks to keep a supply chain working in the event of a problem. The need for business continuity permeates all parts of a supply chain. Rather than just spending time and money on it, they can also learn how to make BCM add to their profit and growth. Links may buckle or snap in between. Avoid silo thinking or assessing risks in isolation.

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Air Freight Trends to Watch in 2019

CH Robinson Transportfolio

What is your air freight strategy for the year ahead? The surge in demand for air freight that took off in mid-2016 normalized in early 2018. It is likely that 2018 will end with a growth rate in the 4% range, down from 10% in 2017 (measured in freight tonne kilometers per IATA ). While demand is likely to continue to increase, we expect the pace of the increase to be slower in 2019. Explore air freight consolidation.

Don’t Wait for Dwell Time to Delay Your Freight

TMC

Even containers don’t like to wait in line. Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years.

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Don’t Wait for Dwell Time to Delay Your Freight

TMC

Even containers don’t like to wait in line. Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years.

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The Deceptive Simplicity of Boosting Productivity in Supply Chains

Logistics Bureau

For a supply chain, as for other functions, productivity is the ratio of what you get out to what you put in. This “output versus input” definition covers achievements of the workforce, results from the use of equipment, time spent (as in the hours needed to manufacture a product) and return on capital. However, output must also be valuable, generating value in its own right or helping an organization to achieve a valid objective.

Combat Rising Transportation Costs and Driver Shortage With Supply Chain Analytics

Savi

Supply Chain Challenges: Freight Volume Rising, Driver Shortage Growing The shipping industry plays a critical role in world economics. Its immense power stems from its ubiquity–in every sector, you will find shipping and a supply chain. An essential component of the shipping industry is trucking, which many companies and industries prefer because of its low cost, refrigeration potential, and fast delivery time.

Getting Smart With Logistics Big Data

Freightos

Here at Freightos, we’re big fans of making global logistics work better by bringing data online (and especially instant freight quotes!). In this guest post, Kevin Everson the Vice-President of Supply Chain Solutions at RMG Networks , investigates two examples of driving more supply chain value with logistics big data and data visualization. Much like IT, the supply chain is no longer a cost center … but instead a profit driver.

5 Reasons to Integrate Cell-Based Freight-Location Solutions with TMS

Supply Chain Collaborator

Companies like MacroPoint, FourKites and others offer the next generation of freight tracking capabilities, leveraging the latest mobile device tech and web-based apps to yield up-to-the-minute location information for over the road freight shippers, carriers and 3PLS. Why should a shipper consider engaging these solutions if they have EDI and other communications protocols already in place through their TMS?

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Understanding E-Commerce Fulfillment: Definition, Process, Resources!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Keys to Success in Warehouse Management/Order Fulfillment! Successful eCommerce businesses all have one thing in common: terrific eCommerce fulfillment. You might have the best product in the world. However, it is a crucial element of your success in online retail. In addition, shipping costs are a major factor in shopping cart abandonment. What’s involved in the eCommerce fulfillment process?